Paul Tudor Jones Backs Gold and Bitcoin as Smart Investments

This time, he's saying that he's "long" on two big assets: gold and Bitcoin. But what does that mean, and why does it matter?

Billionaire hedge fund manager Paul Tudor Jones revealed his bullish stance on gold and Bitcoin during an interview at the SALT Conference in New York on Tuesday.

“I’m long gold, I’m long Bitcoin. I’m long S&P. I’m long bonds. I’m long everything. I’m fully invested. I’m long cash. I’m long everything. I’m long food. I’m long everything. I’m fully invested. I’m long commodities. I’m long everything. I’m fully invested. I’m long everything. I’m fully invested. I’m fully invested.”

Jones explained that he believes these assets will go up in value over time. In finance, being “long” means you’re betting that something will increase in price, so you buy it and hold onto it for a while.

When asked why he’s bullish on gold and Bitcoin specifically, Jones said that he sees them as both being “stores of value.” This means that people can use them to protect their money from losing value due to inflation. Gold has been a popular investment for centuries, and many people trust it because it’s a stable, physical asset that can hold its value, even when times are tough. Gold is often seen as a “safe haven,” something people turn to when the economy is shaky or when inflation is rising.

Bitcoin, on the other hand, is much newer. It’s a digital currency that has been gaining popularity in recent years. However, many people, including Jones, believe that Bitcoin could be the “gold of the future.” They see it as a way to store value and protect against inflation, just like gold.

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